New Delaware Chapter 11 Filing – Angel Medical Systems, Inc.
Angel Medical Systems, Inc., a developer of medical devices based in Eatontown, NJ, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12903). The First Day Declaration explains that Angel, which has received FDA approval for the commercialization of its AngelMed Guardian System, an implantable monitoring system which provides early warning of life-threatening cardiac events, has filed solely to address short-term liquidity constraints. Angel has filed a plan of reorganization and disclosure statement, for which solicitation began prepetition, with a voting deadline of January 14, 2019. No claims and noticing agent has been proposed. The case has been assigned to the Honorable Kevin Gross.
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